According to the new market research report "Automotive Sensors Market
by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed,
Inertial, and Image), Application (Powertrain, Chassis, Exhaust, Body
Electronics, Safety & Control, and Telematics), and Geography -
Global Forecast to 2020", the market is estimated to reach USD
30.90 Billion by 2020, at a CAGR of 7.72% between 2015 and 2020. The
increasing adoption of automotive sensors to meet strict government
regulations on safety, efficiency, and driver assistance and increasing
vehicle electrification are the major drivers for the automotive
sensors market.

Image sensors are expected to grow at the highest CAGR between 2015 and 2020

The market for image sensors is expected to grow at
the highest CAGR during the forecast period. Image sensors are being
increasingly utilized in ADAS, parking assistance (APA), lane departure
warning (LDW), collision avoidance systems, and other safety
applications; the demand for image sensors is expected to grow rapidly.
Governments around the world, such as European and U.S. governments,
have tightened the norms for safety which is likely to boost the market
further.

Powertrain application is expected to lead the automotive sensors market

Automotive sensors are primarily used in the
powertrains, and currently, it holds the leading position in the overall
market. The application in the automotive sector accounted for the
largest share in 2014. Powertrain sensors play an important part in
lowering emissions and improving fuel economy and have dominated the
powertrain application of the automotive sensors market.

Asia-Pacific is expected to hold the largest market share and witness rapid growth during the forecast period

Asia-Pacific accounted for the largest share of the
automotive sensors market in 2014; the market in the region is expected
to grow at the highest CAGR during the forecast period. The market in
the region is likely to be driven by higher vehicle production in the
region and demand for more efficient and safer vehicles than the
existing vehicles.

This research report categorizes the global
automotive sensors market based on type, application, and region. This
report describes the drivers, restraints, opportunities, and challenges
for the growth of the automotive sensors market. The Porter’s five
forces analysis has been included in the report with a description of
each of its forces and their respective impact on the automotive sensors
market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of
annually published premium market research reports. Serving 1700 global
fortune enterprises with more than 1200 premium studies in a year,
M&M is catering to a multitude of clients across 8 different
industrial verticals. We specialize in consulting assignments and
business research across high growth markets, cutting edge technologies
and newer applications. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high growth markets following the
"Growth Engagement Model – GEM". The GEM aims at proactive collaboration
with the clients to identify new opportunities, identify most important
customers, write "Attack, avoid and defend" strategies, identify
sources of incremental revenues for both the company and its
competitors.

M&M’s flagship competitive intelligence and
market research platform, "RT" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with
market sizing and forecasts of niche markets. The new included chapters
on Methodology and Benchmarking presented with high quality analytical
infographics in our reports gives complete visibility of how the numbers
have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our
clients grow by providing apt business insight with our huge market
intelligence repository.